PointState Capital LP Decreases Holdings in DowDuPont Inc (DWDP)

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PointState Capital LP decreased its position in DowDuPont Inc (NYSE:DWDP) by 15.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,203,662 shares of the company’s stock after selling 390,335 shares during the quarter. DowDuPont makes up 1.5% of PointState Capital LP’s portfolio, making the stock its 22nd biggest position. PointState Capital LP owned approximately 0.09% of DowDuPont worth $140,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in DowDuPont by 21.2% in the fourth quarter. Signaturefd LLC now owns 10,861 shares of the company’s stock worth $774,000 after purchasing an additional 1,897 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in DowDuPont by 22.8% in the fourth quarter. HBK Sorce Advisory LLC now owns 33,852 shares of the company’s stock worth $2,411,000 after purchasing an additional 6,286 shares in the last quarter. Clearbridge Investments LLC raised its holdings in DowDuPont by 6.4% in the fourth quarter. Clearbridge Investments LLC now owns 8,223,515 shares of the company’s stock worth $585,679,000 after purchasing an additional 494,412 shares in the last quarter. Elmwood Wealth Management Inc. purchased a new stake in shares of DowDuPont in the first quarter worth $102,000. Finally, Avestar Capital LLC purchased a new stake in shares of DowDuPont in the fourth quarter worth $138,000. Institutional investors and hedge funds own 69.21% of the company’s stock.

In related news, insider Andrew N. Liveris sold 268,406 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $68.94, for a total transaction of $18,503,909.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Charles J. Kalil sold 129,848 shares of the stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $68.42, for a total value of $8,884,200.16. The disclosure for this sale can be found here. Insiders have sold 518,095 shares of company stock worth $35,702,234 over the last ninety days. 0.42% of the stock is currently owned by insiders.

DowDuPont opened at $65.28 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.87. DowDuPont Inc has a one year low of $61.27 and a one year high of $77.08. The firm has a market cap of $153.46 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, May 3rd. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.08 by $0.04. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The company had revenue of $21.51 billion for the quarter, compared to analysts’ expectations of $21.31 billion. The firm’s revenue for the quarter was up 62.6% compared to the same quarter last year. equities analysts anticipate that DowDuPont Inc will post 4.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.33%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

A number of equities research analysts have recently commented on DWDP shares. Morgan Stanley set a $80.00 target price on DowDuPont and gave the stock a “buy” rating in a research note on Wednesday, March 21st. HSBC raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. BMO Capital Markets started coverage on DowDuPont in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $82.00 target price on the stock. Bank of America cut their target price on DowDuPont from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 10th. Finally, Credit Suisse Group cut their target price on DowDuPont from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, May 4th. Five research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $81.13.

About DowDuPont

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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